Wells Fargo & Company Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $34.00

Werner Enterprises (NASDAQ:WERN - Free Report) had its price objective trimmed by Wells Fargo & Company from $36.00 to $34.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an underweight rating on the transportation company's stock.

Other analysts also recently issued reports about the stock. Evercore ISI reduced their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 30th. Susquehanna raised Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 price objective on the stock in a research report on Friday, January 3rd. Morgan Stanley lowered their price objective on shares of Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price objective on Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating for the company in a report on Wednesday, October 30th. Finally, Barclays raised their price objective on Werner Enterprises from $36.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $37.29.

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Werner Enterprises Trading Up 1.5 %

Werner Enterprises stock traded up $0.51 during trading hours on Friday, reaching $35.05. The company had a trading volume of 495,858 shares, compared to its average volume of 743,244. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The company has a 50-day moving average price of $36.82 and a 200 day moving average price of $37.51. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 63.65, a P/E/G ratio of 15.58 and a beta of 0.84. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.26%. Equities analysts forecast that Werner Enterprises will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Werner Enterprises

A number of large investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new position in Werner Enterprises in the 4th quarter worth about $445,000. Sei Investments Co. lifted its position in shares of Werner Enterprises by 7.7% in the 4th quarter. Sei Investments Co. now owns 55,022 shares of the transportation company's stock worth $1,976,000 after purchasing an additional 3,938 shares during the period. American Century Companies Inc. lifted its position in shares of Werner Enterprises by 13.4% in the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock worth $71,380,000 after purchasing an additional 234,811 shares during the period. Quantbot Technologies LP increased its holdings in shares of Werner Enterprises by 47.2% in the 4th quarter. Quantbot Technologies LP now owns 29,514 shares of the transportation company's stock valued at $1,060,000 after acquiring an additional 9,465 shares during the period. Finally, Sciencast Management LP purchased a new position in shares of Werner Enterprises in the 4th quarter valued at $305,000. Hedge funds and other institutional investors own 89.32% of the company's stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.